Bill Text: TX HB2864 | 2019-2020 | 86th Legislature | Introduced
Bill Title: Relating to the E-Z computation of the franchise tax.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2019-04-03 - Left pending in committee [HB2864 Detail]
Download: Texas-2019-HB2864-Introduced.html
86R9675 SMT-F | ||
By: King of Uvalde | H.B. No. 2864 |
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relating to the E-Z computation of the franchise tax. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 171.1016(a), Tax Code, is amended to | ||
read as follows: | ||
(a) Notwithstanding any other provision of this chapter, a | ||
taxable entity whose total revenue from its entire business is not | ||
more than $25 [ |
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this chapter in the amount computed and at the rate provided by this | ||
section rather than in the amount computed and at the tax rate | ||
provided by Section 171.002. | ||
SECTION 2. This Act applies only to a report originally due | ||
on or after the effective date of this Act. | ||
SECTION 3. This Act takes effect January 1, 2020. |